Severfield (LON:SFR) Posts Earnings Results

Posted by on Nov 28th, 2019

Severfield (LON:SFR) released its quarterly earnings data on Tuesday. The company reported GBX 2.27 ($0.03) EPS for the quarter, Digital Look Earnings reports.

Severfield stock traded up GBX 0.30 ($0.00) during trading on Thursday, reaching GBX 74 ($0.97). 324,428 shares of the company’s stock were exchanged, compared to its average volume of 129,418. The company’s 50-day moving average is GBX 75.27 and its two-hundred day moving average is GBX 70.57. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 1.57. Severfield has a 52-week low of GBX 60.26 ($0.79) and a 52-week high of GBX 78 ($1.02). The firm has a market cap of $226.07 million and a price-to-earnings ratio of 11.21.

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be given a dividend of GBX 1.10 ($0.01) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 1.48%. Severfield’s dividend payout ratio (DPR) is 0.45%.

A number of research firms have recently commented on SFR. Peel Hunt restated a “buy” rating and set a GBX 100 ($1.31) price objective on shares of Severfield in a report on Tuesday, October 1st. Jefferies Financial Group upped their price objective on Severfield from GBX 98 ($1.28) to GBX 103 ($1.35) and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Peel Hunt restated a “buy” rating on shares of Severfield in a report on Tuesday.

Severfield Company Profile

Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Mainland Europe, and internationally. It manufactures metal decking products; composite metal flooring products; and steel and plated beams, steel sections, steelwork products, and intumescent coatings.

Recommended Story: Margin

Receive News & Ratings for Severfield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Severfield and related companies with MarketBeat.com's FREE daily email newsletter.